Stellantis (NYSE:STLA) Sets New 12-Month Low – Should You Sell?

Stellantis (NYSE:STLA)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $11.30 and last traded at $11.32, with a volume of 11283770 shares. The stock had previously closed at $11.81.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on STLA. Cowen initiated coverage on Stellantis in a report on Thursday, March 6th. They issued a “hold” rating on the stock. Piper Sandler downgraded shares of Stellantis from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $23.00 to $13.00 in a research note on Thursday, March 20th. Finally, TD Cowen started coverage on shares of Stellantis in a research report on Friday, March 7th. They set a “hold” rating and a $13.00 target price for the company. Nine analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $19.27.

Stellantis Price Performance

The stock has a market capitalization of $34.27 billion, a PE ratio of 3.32 and a beta of 1.64. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The firm’s 50 day simple moving average is $12.95 and its 200 day simple moving average is $13.30.

Hedge Funds Weigh In On Stellantis

Large investors have recently added to or reduced their stakes in the business. Orion Portfolio Solutions LLC grew its stake in shares of Stellantis by 7.6% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company’s stock valued at $211,000 after buying an additional 1,149 shares during the last quarter. Spire Wealth Management boosted its holdings in Stellantis by 29.7% during the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock valued at $69,000 after acquiring an additional 1,211 shares during the period. Glenorchy Capital Ltd grew its position in Stellantis by 4.9% during the 4th quarter. Glenorchy Capital Ltd now owns 28,701 shares of the company’s stock worth $375,000 after acquiring an additional 1,340 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Stellantis by 10.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company’s stock worth $212,000 after purchasing an additional 1,481 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Stellantis by 67.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock valued at $48,000 after purchasing an additional 1,489 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Company Profile

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.